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Spain’s subsidy-free solar scene has marked another boost after a power purchase agreement (PPA) was secured for a major project in the country’s centre-west. Developers Encavis and Solarcentury have now inked a deal with an unidentified offtaker for Talayuela Solar, a zero-subsidy 300MWp project planned in the Cáceres province. In a statement today, the duo explained the swap-type PPA will run for 10 years and hedge offtake prices for around three-quarters of Talayuela’s power output. The PPA arrangement was adapted to Talayuela from a template from the International Swaps and Derivatives Association, Encavis and Solarcentury said. “[The deal] is structured as a hedge of Talayuela Solar's capture price rather than base load price, thus providing an optimal as produced hedge for the Talayuela project revenues,” they said. The statement declined to name the offtaker, describing it however as a “leading international energy company” with a “solid investment grade credit rating”. The unidentified counterparty is, the document went on to say, an energy firm with a pan-European asset base with activity across 40 countries and past experience with financial hedges. Foreign names crowd Spain's subsidy-free PV scene The Talayuela PPA signing comes roughly one year after UK-headquartered Solarcentury sold a 80% project stake to German peer Encavis, retaining a 20% holding in the process. The offtaker deal emerges as the 300MWp project, having secured all permits and a grid connection point, inches towards its construction launch in autumn 2019. The subsidy-free installation, set to be developed between Solarcentury, Kompa Solaire Sasu and Genia Global Energy Solutions, is meant to be ready for grid-linking by June 2020. The zero-subsidy move is the latest of a fast-growing series in Spain, a country home to a fifth of Solarcentury’s global pipeline of solar PV projects. Talayuela’s PPA success follows that of BayWa r.e.’s Don Rodrigo 2, the 50MWp extension to a 175MWp up-and-running predecessor that is seen as a subsidy-free trailblazer in Spain. Earlier this month, BayWa r.e. walked PV Tech through key decisions around Don Rodrigo 2, including the rationale behind the project’s smaller size and the choice to steer clear of bank finance for now.

construction services for utility Endesa for the growth of 3 PV projects in Spain with an overall capability of 142MW. While Spain-headquartered

time being the first subsidy-less project.  Political issues impact on Spain's solar development The German PV supplier’s first venture in

as Audax Renovables in the development of its renewable generation company in Spain. IKAV currently has a really considerable portfolio of renewable possessions

Regulation (SFDR). Anthony Doherty, Chief Investment Officer, NTR, stated, "Spain is the third largest European solar generator in the EU with ambitious

latest PPA is Statkraft's 3rd off-take agreement with Baywa r.e in Spain. The parties formerly signed arrangements covering the Don Rodrigo 1 and 2

near Seville. The business presently has 2 GW of projects under growth in Spain, it

approach to turn non-strategic assets to finance its investment strategy in Spain. With the current procurement, Endesa has collected over 2 GW of brand-new

its new solar PV plant Zafra, located in Alcalá de Guadaira (Seville), Spain,  specifically on the plot adjacent to Venta El Nevero, near the Utrera

boost" the payment of solar to the islands' energy mix. According to Spain's government, the Canary Islands had a 16.4% share of renewable resources in

unveiled plans to deploy a 3GW clean energy pipeline across Teruel, one of Spain’s least populated provinces. The firm outlined the specifics of a

April, the share of renewables in Spain's overall power production was 52.1%. Renewables created 11,593 GWh of electricity in May, up by 4.8% year-on-year,

customers of green hydrogen generated by Fusion Fuel's technology. Spain has actually announced a long-lasting strategic commitment to develop a

owns 100% interest in the plants. The company was granted these projects in Spain's renewables auction in 2017, it stated in a news release on Tuesday. The

over 36,500 houses. Sonnedix flaunts a portfolio of over 1 GW of solar in Spain. The capability is separated in between 365 MW in operation, 50 MW unfinished